Question

Currently my score is above 800 but right now I'm in the market for a new car and looking to lease as well. The dealer told me they will be doing a hard inquiry pull when they will check my credit. I never had a hard pull before, so typically how many points can be dropped from a hard pull?

All Responses

When the auto dealer pulls your Credit you will end up with more than one Hard inquire on your credit Report.

How much impact does one Hard Inquire have on your Credit Score , well it depends, the Less lines of Credit you have the More impact it will have. The More lines of Credit you have the Less impact it will have. How many points will it be, thats Unknown again it all depends. Back 4 years ago I had a Hign of 14 Hard Inquires ( I was not worred about the number of Hard inquires, still don't ) I have 4 now. still in a rebuilding the number of lines of Credit that will stop that in 2018 and then Freeze my Credit.

Your Credit Scores Should Be Free. And Now They Are.

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